Post Utme Veritas University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_VERITAS_UNIVERSITY • 2017 • COMMERCE • objective

A company specializes in producing and marketing a single product. The production process involves several stages, including raw material procurement, manufacturing, packaging, and distribution. Which of the following is a characteristic of a sole trader?

Answer Options

Correct Answer A. A sole trader is a business owned and managed by one person.
B. A sole trader is a business owned and managed by two or more people.
C. A sole trader is a business owned and managed by a partnership of people.
D. A sole trader is a business owned and managed by a company.
Correct Answer
A
Correct Option:
A sole trader is a business owned and managed by one person.

About This Question

This is Post Utme Veritas University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Veritas University Commerce examination.

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